Mixed-Use Restaurant and Office
For Sale
Contact for pricing
Pending
566 W Lancaster Blvd, Lancaster, CA 93534
Turnkey dual-use property with a fully equipped restaurant and remodeled office featuring 10 private offices.
Property Size4,000 SF
Days on Market208
Property Features for 566 W Lancaster Blvd
General Information
Standard status
Pending
Size
4,000 SF
Class
B
Property subtype
Mixed Use, Office
Zoning
Commercial/office/restaurant
Occupancy
100%
Investment Type
Owner/User
Listing Agency:
Liberty Business Advisors
Listed By:
Houmehr Mike Panoussi · License #01853627
Source:
Crexi
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 19 at 7:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Business Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building is divided into two spaces: approximately 12,000 SF of restaurant space and approximately 12,000 SF of office space, for a total building size of about 24,000 SF. The restaurant area is presented as fully equipped and includes a fully equipped kitchen with a Type 1 hood system. The office portion includes reception/common areas, 10 private offices, and two restrooms, and is described as recently remodeled.
The property includes 12 gated rear parking spaces plus additional street parking, and features secure gated access. Additional reported improvements include new HVAC units and a paid-off solar system described as about $70,000 in value.
The property is identified as having commercial zoning covering retail, office, and restaurant uses, supporting flexible owner-user or investment strategies around the restaurant and office configuration.
The property includes 12 gated rear parking spaces plus additional street parking, and features secure gated access. Additional reported improvements include new HVAC units and a paid-off solar system described as about $70,000 in value.
The property is identified as having commercial zoning covering retail, office, and restaurant uses, supporting flexible owner-user or investment strategies around the restaurant and office configuration.
Key Highlights
- Two‑unit mixed‑use building with approx. 1,4000 SF total: approx. 1,2000 SF fully equipped restaurant plus approx. 1,2000 SF remodeled office
- Restaurant space includes a fully equipped kitchen and Type 1 hood system; formerly a La Michoacana location
- Office space features 10 private offices, reception/common area, and two restrooms; recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,844
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,880
$1.5M
Cap Rate 7%
$1,069,200
$1.1M
Cap Rate 9%
$831,600
$831.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$105.6K $26.40/SF
− Vacancy
−$5.8K −$1.45/SF
EGI
$99.8K $24.95/SF
− OpEx
−$24.9K −$6.24/SF
NOI
$74.8K $18.71/SF
Area
Lancaster, CA
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,880
Cap Rate 7%
$1,069,200
Cap Rate 9%
$831,600
Alternative Uses
Best Use
Specialty Retail
$1.07M
$935.6K – $1.25M
NOI $74,844 @ 7.0% cap · market cap 7.49%
Second Best
Office B
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,951 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,168
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey dual-use property with a fully equipped restaurant and remodeled office featuring 10 private offices.
Where is this conventional restaurant located?
The property is located at 566 W Lancaster Blvd Lancaster, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit mixed‑use building with approx. 1,4000 SF total: approx. 1,2000 SF fully equipped restaurant plus approx. 1,2000 SF remodeled office; Restaurant space includes a fully equipped kitchen and Type 1 hood system; formerly a La Michoacana location; Office space features 10 private offices, reception/common area, and two restrooms; recently remodeled
